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Question no. 56432

A town's population grew from 1,75,000 to 2,62,500 over a decade. What is the average annual percentage increase:________?

Select your answer for: A town's population grew from 1,75,000 to 2,62,500 over a decade. What is the average annual percentage increase:________?
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Answer: B. 5%

Explanation

The population increase of eighty seven thousand five hundred over the base represents a fifty percent total growth. Dividing the total fifty percent growth over the ten year duration yields an average of five percent annually. Simple percentage averaging correctly attributes five percent growth per year for the decade. Percentage increase measures the relative change between an initial value and a final value. Decade spans consist of exactly ten calendar years for longitudinal statistical calculations. Average annual growth divides the total percentage increase by the number of intervening years.

Demographers analyze long term census data to track municipal growth rates and resource demands. Economists calculate average annual GDP growth to evaluate national economic performance over time. City planners project future infrastructure requirements based on historical population expansion metrics. Option a represents a miscalculated rate derived from incorrect decimal placement during division. Option c assumes a compounding growth formula rather than the simple annual average requested. Option d doubles the correct annual growth rate due to a faulty time span division.

Subject
Mathematics
Category
Mathematics
Topic
—
Difficulty
medium

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